FY26 Tracker Shows Indian Startups Enter a More Disciplined Public-Market Era
India’s startup ecosystem moved further into a maturity phase in FY26, with 22 new-age technology companies debuting on public markets as investors increasingly rewarded clearer earnings visibility and stronger governance. The shift marks a decisive change from the capital-intensive growth model that defined the previous cycle, even as private funding remains selective and valuation discipline tightens.
